The growth of mobile banking and payment solutions continues, with Apple Pay, Android Pay and Samsung Pay, making a big push for market share -- 33% of mobile users saying they have conducted an instore purchase with their device. For financial institutions, the strategic value of mobile financial services must be balanced with appropriate risk management. This needs to occur during the strategic planning stages, product selection, and ongoing monitoring of existing solutions. The added Appendix E brings clear risk identification, measurement and management expectations to financial institutions. With the rapid adoption of mobile technologies in banking, this guidance has been long awaited.
Highlights
CE Awarded 2 hours CPE (self-reporting)
Audience Compliance officers, internal auditors, ISO, risk officers and executive management.
Speaker Chad Knutson, CISSP, CISA, CRISC, is the co-founder of Secure Banking Solutions (SBS) where he serves as a Senior Information Security Consultant and VP of Research and Development. He is currently the vice president of the SBS Institute. SBS is headquartered in Madison, S.D., and is a leader in information security consulting for the financial industry in the U.S. SBS works with more than 500 banks around the country on information security services.
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